1.A cost effectiveness measure in terms of ratio of marginal (additional)
cost of the risk control option to the reduction in risk to personnel in
terms of the fatalities averted,[1],[12] i.e. GCAF = ΔCost/ΔRisk
Sources 1. IACSInternational Association of Classification Societies LTD 12. MSC/Circ.1023-MEPC/Circ.392Formal Safety Assessment
